Plymouth Industrial REIT (NYSE:PLYM) Given New $18.00 Price Target at KeyCorp

Plymouth Industrial REIT (NYSE:PLYM) had its price objective lowered by stock analysts at KeyCorp from $23.00 to $18.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s target price would suggest a potential upside of 25.70% from the company’s current price.

Other analysts have also recently issued reports about the stock. JPMorgan Chase & Co. lowered their price objective on shares of Plymouth Industrial REIT from $20.00 to $19.00 and set an “underweight” rating for the company in a research note on Tuesday, January 14th. JMP Securities reissued a “market outperform” rating and set a $27.00 price objective on shares of Plymouth Industrial REIT in a research note on Tuesday, January 14th. Wedbush set a $17.00 price objective on shares of Plymouth Industrial REIT in a research note on Friday, February 28th. Barclays decreased their price target on shares of Plymouth Industrial REIT from $22.00 to $18.00 and set an “equal weight” rating for the company in a research report on Monday, March 31st. Finally, Truist Financial decreased their price target on shares of Plymouth Industrial REIT from $20.00 to $18.00 and set a “hold” rating for the company in a research report on Monday, March 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Plymouth Industrial REIT currently has an average rating of “Hold” and a consensus price target of $21.20.

Plymouth Industrial REIT Stock Up 6.4 %

PLYM stock opened at $14.32 on Tuesday. Plymouth Industrial REIT has a one year low of $12.70 and a one year high of $24.71. The company has a 50 day moving average price of $16.44 and a two-hundred day moving average price of $18.25. The stock has a market capitalization of $652.29 million, a P/E ratio of 716.00 and a beta of 1.19. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.12 and a current ratio of 0.12.

Hedge Funds Weigh In On Plymouth Industrial REIT

A number of institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in Plymouth Industrial REIT by 6,862.5% in the 1st quarter. GAMMA Investing LLC now owns 3,342 shares of the company’s stock worth $54,000 after buying an additional 3,294 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Plymouth Industrial REIT by 25.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 258,599 shares of the company’s stock worth $4,603,000 after buying an additional 53,012 shares in the last quarter. PharVision Advisers LLC acquired a new position in Plymouth Industrial REIT in the 4th quarter worth $241,000. Westwood Holdings Group Inc. lifted its holdings in Plymouth Industrial REIT by 33.0% in the 4th quarter. Westwood Holdings Group Inc. now owns 3,631,111 shares of the company’s stock worth $64,634,000 after buying an additional 901,251 shares in the last quarter. Finally, Two Sigma Advisers LP raised its stake in shares of Plymouth Industrial REIT by 0.6% in the 4th quarter. Two Sigma Advisers LP now owns 185,700 shares of the company’s stock valued at $3,305,000 after purchasing an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

Plymouth Industrial REIT Company Profile

Plymouth Industrial REIT, Inc (NYSE: PLYM) is a full service, vertically integrated real estate investment company focused on the acquisition, ownership and management of single and multi-tenant industrial properties. Our mission is to provide tenants with cost effective space that is functional, flexible and safe.